Income tax: Peppermint Springs Vineyard Project (pre 1 July 2005 Growers)

Product Ruling PR 2005/88 sets out the Commissioner's opinion on the tax consequences for persons participating in the Peppermint Springs Vineyard Project (pre 1 July 2005 Growers) by entering into a Lease and Management Agreement on or before 15 June 2005 for the purpose of carrying on a commercial viticulture project.

No taxpayer entered into a Lease and Management Agreement during the relevant period. Therefore, Product Ruling PR 2005/88 has no application as it does not rule on the tax consequences for any taxpayer.